Since April 2012, all UK employers are legally obliged to automatically enroll all eligible workers into a qualifying pension scheme by a specific deadline (‘staging date’). Where this applies you must by law create and maintain detailed records of correspondence with workers, workforce assessments, joiners and leavers and pension payments. This is one of the most onerous challenges to face businesses in recent years and the financial penalties for breach can be severe.
There are many hundreds of thousands of smaller businesses who are required to stage in 2016 and 2017. Surprisingly, given the heavy potential fines, many of them still have not started to plan for automatic enrolment or the on-going work after their staging date.
If you have not yet reached your staging date you need to make sure you know exactly when it is and allow at least three months to plan. We can help you get set up with automatic enrolment and take away the pain and hassle.
And even if you have already staged for automatic enrolment you’ll know the on-going work required and your obligations are significant. We can make life much easier for you with our automatic enrolment solution. As part of our automatic enrolment service we will review your position and advise you, to help ensure you are complying with this onerous legislation and minimise your exposure to penalties.
If you haven’t yet reached your staging date we can sort that out with our automatic enrolment set up service.
And if you are set up for automatic enrolment we can support you by assessing your workforce every pay period, processing opt-outs and opt-ins, re-enrolling eligible workers, reporting to The Pensions Regulator, calculating your contributions for each pay period and much more.
As a lot of these processes are payroll dependent it is advisable that we do your payroll too.
Our brochure sets out how we can make automatic enrolment as hassle free as possible for you. You can download a copy from here:
If you feel we can be of help, please do not hesitate to contact us on 01869 222830 or fill in the comment box below.